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The Best Balance Transfers article discussion area
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Does anyone know if there are still "super Balance Transfer" cards ? By this I mean 0% cards where you can transfer to your current account instead of to another credit card, MBNA used to be one, but have just got half way through their online application form, and it doesn't look as if they offer the facility anymore.
I have an MBNA card which i operate online and they DO still allow trnasfers to your current account. Hope that helps.Working hard to reduce debts and get better value for money
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Hi,
Read Martins advice in the main site regarding RBS & Natwest being the best at the moment with 2% btf 13 months 0% and 3 months 0% on purchases however also did my own research and found Capital One "seem to" have a better offer. They offer 0% until May 08, 1.7% btf and 0% on purchases until May 08 too! Am i missing someting? Surely this is better?0 -
I have received an application form from Ulster Bank, but now feel dubious about completing it due to the 40 Euro charge.tipsychick wrote: »I think you've been misinformed. According to the website, there are no charges that I can see:http://www.ulsterbank.co.uk/ni_01.asp?id=PERSONAL/CREDIT_CARDSIncidentally, if Ulster Bank is in NI, why are they charging in Euros?
FYI 40 EUR charge is the Irish (Rip-off Republic) Government's Stamp Duty on credit cards. Charged annually @ 40 EUR per account. Must be do to overlapping paperwork between the UB NI and the UB RoI. Not charged on NI accounts in GBP. The government also charges stamp duty at lesser rate on ATM cards and debit cards.0 -
FYI 40 EUR charge is the Irish (Rip-off Republic) Government's Stamp Duty on credit cards. Charged annually @ 40 EUR per account. Must be do to overlapping paperwork between the UB NI and the UB RoI. Not charged on NI accounts in GBP. The government also charges stamp duty at lesser rate on ATM cards and debit cards.
Thanks for the explanation.
Just out of interest, would you know if the ROI had access to the same kind of 0% interest deals that we've had in the UK over the last few years? In my experience, the staff at the Post Office (BOI), etc. don't seem as geared up for BT as they do over here. I'd imagine that the stamp duty thing would kill off the stoozing a bit anyway.0 -
Anyone know which group ulster Bank is in so that I dont apply and find they wont take a transfer?
Cheers
ed0 -
hi 1st 0% card is nearly run out so looking to get a new card and transfer the £2000 balance.
a few Q's.
1. if I get a card 0% on BT and Purchases - will it be free, or does a handling fee of around 2% apply i.e. £40.
2. can you only transfer money from cards in your name?0 -
Just as a matter of interest, with respect to any BT charges, given that it shows up as a separate charge, do they start charging interest on this thing as well?
OK it's not a lot compared to a four figure balance transfered, but if it's a case of oldest debt incurred is paid of first, then unless one is on 0% for everything then, from day one, one is being charged on the BT itself.
Imagine how much that adds up to if one is sat there, with a 0% on the BT and that's why one switched in the first place!
Just a thought..... One month in will tell, plus I'll give 'em a ring.0 -
Thanks for the information - I received my Terms & Conditions today from Capital One and called to ask what their statement about purchases meant.
Seems that it is 0% on BT AND purchases until the end of May 2008.
After this, the 2 are treated differently in how interest is calculated.
So if you intend to pay back - or BT again before the end of May then this offer is a very good deal.
Especially as they have given me a massive credit limit - shall do my best to meet their high expectations
regards0 -
I think this is an excellent deal but wanted to run it by some more experienced money savers to make sure??!!!
Capital One have sent a mail shot to me offering 18 months 0% on balance transfers when I spend £100 on purchases within the first 3 months of opening the account. There's also a 2% handling fee.
I realise this means I will pay interest on the £100 for the 18 months at their rate of 15.9% per annum variable on purchases.
I am transferring £6500 so I think that means i'll pay £130 fee plus £36.57 per year in interest (15.9% x £230 - £100 in purchases and £130 fee). Is that right?
Any advice would be greatly appreciated!
Thanks
I think if you spend £100 on the card it would be best to pay that off first before you do a balance transfer. If you look at your cc statements it tells you what gets paid off 1st when you make a payment. So if you made a bt then spent £100 the £100 would never get paid off until you have cleared your bt. Hope this makes sense.0
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